PXC.TO vs. CACE.TO

Last updated Jun 25, 2026

PXC.TO (Invesco RAFI Canadian Index ETF) and CACE.TO (Avantis CIBC Canadian Equity ETF) are both Canada Equities funds. PXC.TO is passively managed, while CACE.TO is actively managed. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

PXC.TO vs. CACE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco RAFI Canadian Index ETF (PXC.TO) and Avantis CIBC Canadian Equity ETF (CACE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PXC.TO

• 1D: -0.64%
• 1M: -0.22%
• YTD: 17.12%
• 6M: 12.82%
• 1Y: 36.76%
• 3Y*: 25.64%
• 5Y*: 16.75%
• 10Y*: 13.41%

CACE.TO

• 1D: -1.31%
• 1M: -2.09%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PXC.TO vs. CACE.TO - Yearly Performance Comparison

	2026 (YTD)
PXC.TO Invesco RAFI Canadian Index ETF	7.35%
CACE.TO Avantis CIBC Canadian Equity ETF	2.13%

Correlation

The correlation between PXC.TO and CACE.TO is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 23, 2026	0.54

Return for Risk

PXC.TO vs. CACE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PXC.TO

PXC.TO Risk / Return Rank: 96
PXC.TO Sharpe Ratio Rank: 96
PXC.TO Sortino Ratio Rank: 95
PXC.TO Omega Ratio Rank: 96
PXC.TO Calmar Ratio Rank: 96
PXC.TO Martin Ratio Rank: 96

CACE.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PXC.TO vs. CACE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI Canadian Index ETF (PXC.TO) and Avantis CIBC Canadian Equity ETF (CACE.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PXC.TO	CACE.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.55	—	—
Sortino ratio: Return per unit of downside risk	4.65	—	—
Omega ratio: Gain probability vs. loss probability	1.69	—	—
Calmar ratio: Return relative to maximum drawdown	7.95	—	—
Martin ratio: Return relative to average drawdown	31.61	—	—

Drawdowns

PXC.TO vs. CACE.TO - Drawdown Comparison

The maximum PXC.TO drawdown since its inception was -41.78%, which is greater than CACE.TO's maximum drawdown of -10.51%. Use the drawdown chart below to compare losses from any high point for PXC.TO and CACE.TO.

Drawdown Indicators

	PXC.TO	CACE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-41.78%	-10.51%	-31.27%
Max Drawdown (1Y) Largest decline over 1 year	-4.64%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-10.99%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.78%	—	—
Current Drawdown Current decline from peak	-1.30%	-3.26%	+1.96%
Average Drawdown Average peak-to-trough decline	-5.05%	-2.67%	-2.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	—	—

Volatility

Volatility by Period

	PXC.TO	CACE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.39%	16.69%	-6.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.27%	16.69%	-3.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.41%	16.69%	-0.28%

Dividends

PXC.TO vs. CACE.TO - Dividend Comparison

PXC.TO's dividend yield for the trailing twelve months is around 2.27%, while CACE.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CACE.TO Avantis CIBC Canadian Equity ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PXC.TO Invesco RAFI Canadian Index ETF	2.27%	2.65%	3.17%	3.48%	3.42%	2.58%	3.10%	2.92%	2.86%	2.23%	2.57%	3.13%

Frequently Asked Questions

Can I hold both PXC.TO and CACE.TO in my portfolio?

PXC.TO and CACE.TO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between PXC.TO and CACE.TO?

They also come from different issuers: Invesco and Avantis.